HK Stock Market Move | COSCO Shipping Energy Transportation (01138) rises more than 5% in the afternoon, performance fully exceeds assessment standards, institutions optimistic about second quarter oil transportation exceeding expectations.

COSCO Shipping Energy Transportation (01138) rose more than 5% in the afternoon, rising by 4.94% to HK$18.92 as of the time of writing, with a turnover of HK$304 million. On the news front, COSCO Shipping Energy Transportation recently announced that the company's 2023 stock option incentive plan has achieved the conditions for the first exercise period. The financial report shows that COSCO Shipping Energy Transportation's EOE for 2024 has reached 28.6%, exceeding the assessment requirement by over 6 percentage points; the company's total profit compound growth rate is at 38.1%, far exceeding the assessment baseline of 24.1%, both indicators are higher than the 75th percentile of benchmark enterprises. At the same time, the company's EVA index has achieved the decomposition target set by the State-owned Assets Supervision and Administration Commission. Guotai Haitong released a research report stating that in the short term, trade disruptions continue, and freight rates have slightly fallen but remain high. Among them, VLCC TCE rates on the Middle East route are still fluctuating at high levels, with rates on the U.S. Gulf route exceeding $100,000 per day; smaller vessel rates remain as high as over $10,000 per day. Chinese ship owners are actively improving their utilization rates, and it is expected that the performance in the first quarter of 2026 will see a year-on-year increase, with the second quarter also likely to exceed expectations. Huayuan Securities, on the other hand, stated that if there is a follow-up opening of navigation in the strait, the oil transportation sector may see a short-term rush and medium-to-long-term stock replenishment, further improving the fundamentals.